RE:RE:according to CNN, it was stated the opposite"I am not a pessimist by nature and very much optimistic about life in general."
Recessions are a matter of fact in market economies. They happen every five of six years on average and we are due for the next one. By standard of historical frequency and by standard of the current economic data a red flag is now waving. Only the largest inventory build in US history prevented a near -3% GDP reading in Q1, and with so much inventory Q2 may be about slashing prices and working off the excess inventory build. In other words, it may be time to turn off the economy in Q2 to deal with the buildup. PTG reported unusually weak Q1 without detailing how bad. We will have to wait for the news release. With Q1 GDP coming to a virtual halt and Q1 historically being the weakest be prepared. The numbers may not be good and by the time of the conference call we may get some indication concerning Q2 business pick up. If Q1 results are dismal and guidance for Q2 is also weak the stock may be taken behind the woodshed.